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Post-divorce, an advisor can help you create a new financial plan, establish a budget as a single person, help you understand the tax implications of selling assets and provide guidance on how to ...
Continue reading → The post How to Protect Your Assets From a Divorce appeared first on SmartAsset Blog. Combining finances after marriage can simplify things like paying bills and saving. But ...
Specifically, you may wonder how to protect trust assets from a … Continue reading → The post How to Protect Trust Assets From a Beneficiary's Divorce appeared first on SmartAsset Blog.
Divorce; Financial provision; Matrimonial property Miller v Miller 2006 ( House of Lords ) [ 1 ] is a divorce ( property settlement ) case between Alan Miller and Melissa Miller. He is an asset manager in the City of London who had a fortune of some £30m (per The Times - which says 17.5m in property plus 18.5 in shares).
The court may consider such factors as "substantial contribution to the accumulation of the property, the market and emotional value of the assets, tax and other economic consequences of the distribution, the parties' needs, and any other factor relevant to an equitable outcome." Fairness is the prevailing guideline the court will use.
In dividing shared assets during a divorce, ... current value of the asset but the tax implications of owning the asset. As a case in point, taxes are due when investments such as stocks, ETFs or ...
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